Lot 80 Wesley Ridge DR
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 30, 2026 | Price Decreased |
$114,000
↓ $6K
(5%) | |
| Price Decreased | |||
| Aug 2, 2025 | Listed by Texas Hills and Lakes RE | $120,000 | |
| Listed by Texas Hills and Lakes RE | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| May 1, 2021 | In contract | - | |
| In contract | |||
| Apr 27, 2021 | Listed by Keller Williams - Austin SW | $110,000 | |
| Listed by Keller Williams - Austin SW | |||
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Opportunity to purchase a very nice lot in the Gated Waterfront Community of Ridge Harbor on Lake Travis. Lot 80 on Wesley Ridge Drive is one of the few 'street-to-street' lots in the area and offers a spacious building site while still leaving room for a nice sized back and/or front yard. Plenty of room to add a pool if desired. NO time requirement to build; NOT builder restricted. When building, the minimum heated and cooled square footage is 2500. Quiet, peaceful, friendly community; private water & sewer + underground electric. Amenities include two private boat launches (one for higher water elevations/another for lower water elevations), sparkling pool with covered area, beach entry + water features for the kids, tennis & pickle ball courts, waterfront park area with tables/benches and grills, and a playground area for the children. A Marina with Boat Slips for Lease and/or For Sale, depending upon availability, is anchored off the Waterfront Park Shoreline. Quality deed restrictions maintain property values. The Spicewood area is rapidly expanding with new restaurants, small retail shops, and close-by services yet the charm and beauty of the Texas Hill Country remains. Approximately 20 minutes to the Bee Cave/Lakeway area and 20 minutes to Marble Falls. Perfect for Weekend or Full-Time living.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017